Energy reporting is in the spotlight in 2019, with the ESOS Phase 2 deadline looming and the new Streamlined Energy & Carbon Reporting (SECR) framework commencing in April. But will businesses be ready?
In ESOS Phase 1, over 40% of businesses were non-compliant by the deadline extension date. Even among those that were compliant in time for the deadline, many left compliance until the last minute. The Environment Agency received around a third (1,925) of total notifications of compliance in four days in December, and 1,015 notifications of compliance in the two days before the final 29th January 2016 deadline.
Non-compliance can bring penalties of up to £50,000, so businesses that are eligible for ESOS Phase 2 should be well on their way to compliance to avoid the late surge we saw during the first phase.
The estimated 11,900 companies required to comply with SECR will also need to start collecting data on their energy consumption from 1st April, to include in their subsequent annual report. The SECR is intended to make reporting easier for energy managers, but they will still need to dedicate significant time and resources to ensure compliance.
Have your say
If your organisation is eligible for either SECR or ESOS – or both – we want to hear from you.
The Energyst is working in partnership with Inenco to find out how prepared eligible organisations are for SECR and ESOS Phase 2. We’ve created a short survey to gauge how energy managers are responding to the new reporting landscape, and Inenco will create an informative report based on the results (along with useful tips for those that may need help with compliance!).
Are you well on the way to compliance, or has it slipped down your to-do list? Click here to take the survey.